Mphasis technical analysis

According to the latest Pivot data, Mphasis’s immediate technical levels for the selected time period 5 minutes indicate key support and resistance zones that traders should closely monitor. The pivot point is positioned at ₹2321.4, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹2348.9, ₹2388, and ₹2415.5, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹2282.3, ₹2254.8, and ₹2215.7, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Mphasis’s price movement.